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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Risks to the outlook remain tilted to the downside

Risks to the outlook remain tilted to the downside



ECB president Mario Draghi speaks in Frankfurt

  • ECB is not short of instruments on deliverable on mandate
  • Domestic economy has remained relatively resilient
  • Soft patch doesn't necessarily foreshadow a serious slump
  • Would adjust rate forward guidance if there were delays to inflation convergence
  • If the economy was slower than expected, the risk of wage growth may be
  • Demand should recover, as long as downside risks do not materialize
  • Remain confident that sustained convergence of inflation to target has been delayed rather than derailed

ForexLive

    

This has already been said during the ECB meeting / press conference at the start of this month but it does sound a bit more upbeat at mentioning the resilience of the economy and that they remain confident to reach their inflation target. 1

9659011] That said, plenty of challenges are still abound and that will keep their hands tied for the most part. EUR / USD has pared its earlier unloaded from 1.1250 levels to 1.1265 currently.


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